Surge in Options Trading Highlighted Among Russell 3000 Index Stocks

Innovative Industrial Properties, e.l.f. Beauty, and Take-Two Interactive Show Strong Options Activity

Today, the options trading activity for stocks in the Russell 3000 index displayed notable trends. In particular, Innovative Industrial Properties Inc (Symbol: IIPR) has seen a total of 1,362 contracts traded so far today. This volume translates to approximately 136,200 underlying shares since each contract represents 100 shares. Remarkably, this amount accounts for 112.3% of IIPR’s average daily trading volume, which stood at 121,270 shares over the last month. Noteworthy is the $125 strike put option expiring on November 15, 2024, where 332 contracts have already traded, equating to about 33,200 shares. The chart below illustrates IIPR’s trading history over the past twelve months, with the $125 strike highlighted in orange:

Meanwhile, e.l.f. Beauty Inc (Symbol: ELF) has reported a significant options volume of 24,377 contracts today. This figure represents around 2.4 million underlying shares and reflects an impressive 112.1% of ELF’s average daily trading volume of 2.2 million shares. A particularly high volume was recorded for the $110 strike call option, set to expire on November 08, 2024, with 1,812 contracts trading, representing approximately 181,200 shares. Below is ELF’s detailed trading chart for the past year, highlighting the $110 strike in orange:

In another notable instance, Take-Two Interactive Software, Inc. (Symbol: TTWO) has experienced a trading volume of 13,627 contracts, which correlates to around 1.4 million underlying shares, or 108.4% of its average daily trading volume of 1.3 million shares over the past month. The $165 strike call option, expiring on December 20, 2024, stands out with 1,087 contracts traded thus far today, representing approximately 108,700 underlying shares. The following chart displays TTWO’s twelve-month trading activity, with the $165 strike marked in orange:

For further details on available expirations for options on IIPR, ELF, or TTWO, check StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Institutional Holders of MPAA
• GNRC Options Chain
• Top Ten Hedge Funds Holding INBK

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.